This is so bogus that I can't even start to express it. -- Chris.
I agree Chris
I have noticed something by watching these schemes for many years and here are a few of observations:
***some of them make a pile of money through the years as they "perfect" their gadget and live off investor funds. I call them clever criminals operating just inside the law. It reminds me of the saying that behind every new gold mine discovery is a liar standing over a hole in the ground telling us how we can get rich"
***We may wish to call them Liars , but the proper terminology used is "lack of full disclosure" which is a fancy term that means they have not told you about test results that did not "quite work out as expected"
***To promote a stock , or investment in a worthless gadget requires carefully prepared speeches and written information so as not to violate securities regulations. This is part of the "clever criminal" approach. After all , there really could be gold in that hole in the ground.
***Another "brilliant" tactic used by the promoters is the fact that after investor funding has all been consumed and the gadget has failed to perform , many of the investors have a sneaking suspicion they have been conned and so they retreat and quietly go on with life. After all , not many men like to admit they have been conned by the snake oil salesmen.
***There is always a well presented smoke screen of testing instruments , fancy graphs , secondary sources of (true) information that has nothing to do with the gadget , but it helps the presenters appear intelligent and knowledgeable on the subject..
***A person can also observe that the audience (investors) usually consists of reasonably average intelligent folks who do not completely understand the laws of physics. In other words , we can observe that Sreorn does not fill the room with thermodynamics experts when making a presentation.
***Some of the cleverest schemes drag prototype testing out for enough years that the "inventor" has a long life of financial comfort. All he has to do is come up with a snazzy new rendition every couple of years. The Moller Sky Car comes to mind.
***In amongst all that is the "honest" guy who really thinks he has discovered perpetual motion and wants to borrow a few bucks to buy the latest high powered magnets. He really thinks he will make it work and his lack of knowledge blinds him. Same as the gold miner who really thinks he has found the motherload and needs money for another box of dynamite. These types are not dishonest , just a bit misguided and full of too much enthusiasm. I love those characters , and hey , sometimes there is gold in that hole in the ground. Diamonds too. The Chuck Fipke story comes to mind
Best regards everybody
Arnie